REC Expects to Give Back about $8.1 Million to Members

Because REC is a not-for-profit, when there is money left over after paying all expenses involved in providing safe and reliable electric service, your share of that money is assigned to you in the form of cash-back capital credits.

As financial conditions allow, these credits are retired and paid out to members over time.

Each Cooperative must balance the retirements of credits between margins earned decades ago with those earned more recently. Each year, the REC Board determines the most appropriate balance between maintaining the Cooperative’s financial health and returning funds to the membership.

This year, REC expects to give back approximately $8.1 million in capital credits using a “first in, first out” method, which recognizes longer-term members whose equity in the Cooperative dates back to the late 1980s. As a result, some members may see a credit on their July electric bill.

couple looking at Bill

REC STORIES

REC believes in giving back to the communities it serves. That’s why it proudly coordinates a program called The Power of Change in which more than 33...
REC crews, contractors and field teams continue to make repairs and restore service as quickly and safely as they can after powerful storms with gusty...
REC lineworkers excelled at the 20th Annual Gaff-n-Go Lineworkers Rodeo on May 17 and 18 at Meadow Event Park in Doswell.